US aluminum billet premiums inch up

May 28, 2013 | 04:38 PM | Michael Cowden

Tags  aluminum billet premium, aluminum extrusions, 6063 billet, building, construction, marine market, contract negotiations, ABI Alcoa

CHICAGO — Aluminum billet sector outlooks continue to diverge as some market players bank on a strong second half while others don’t expect any significant changes until annual price negotiations later this year.

Several sources reported likely isolated but expedited deals in the Midwest and the Northeast last week at higher premiums. As a result, AMM’s billet premiums have risen slightly to 12 to 13 cents per pound from 11.5 to 13 cents previously.....

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